In this article BAC Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported first-quarter earnings that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan loss reserves as fewer consumers defaulted on loans than expected because of the pandemic. Here are
Earnings
In this article GS David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s equities traders and investment bankers. Here are the numbers:
In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares were falling around 1% in premarket trading. The big-box retailer reaffirmed
In this article JPM JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $3.10 per share, almost 300%
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock rose over 6% on Monday after announcing several new products and telling investors that it expected its first-quarter income to be higher than previously expected. Nvidia said revenue in its fiscal first
In this article LULU Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon on Tuesday reported revenue and profit for the holiday quarter that topped analysts’ estimates, boosted by the athletic apparel maker’s online business, and double-digit
In this article LEVI An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Levi Strauss & Co. on Thursday reported a double-digit sales decline for its fiscal first quarter, as ongoing
In this article LB Pedestrians wearing protective masks carry Victoria’s Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from
Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped analysts’ expectations as customers visited Olive Garden and its other chains more than expected. The company is forecasting that its fiscal fourth-quarter results
Jason Kempin | Getty Images Entertainment | Getty Images The furniture retailer RH, formerly Restoration Hardware, on Wednesday reported fourth-quarter earnings and sales that topped Wall Street estimates, as it continued to see robust demand for its high-end furniture and home wares. CEO Gary Friedman said the momentum is expected to continue into this year,